Moody's lowers France's outlook to 'stable' from 'positive'

Bloomberg vows to release three women from NDAs if requested

Democratic presidential candidate Mike Bloomberg said on Friday he would release three female former employees from nondisclosure agreements. In a tweet, he said Bloomberg LP had identified three agreements over 30 years that had been made with women "to address complaints about comments they said I made." The former New York mayor said if any of the women wanted to be released from the agreements, they would be after contacting the company. During Wednesday night’s Democratic debate, Bloomberg rival Elizabeth Warren prodded him to release former employees from NDAs on live TV. ABC News has reported on lawsuits alleging Bloomberg had created a hostile work environment at his company with sexist comments, and former employees told the network they couldn’t speak publicly due to confidentiality agreements.

Michael Bloomberg Open to Releasing 3 Non-Disclosure Agreements

“Bloomberg LP has identified 3 NDAs signed over the past 30+ years with women to address complaints about comments they said I had made,” Michael Bloomberg says in astatement, Bloomberg News reports.

“If any of them want to be released from their NDAs, they should contact the company and they’ll be given a release”

NOTE: Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News


John Legend To Campaign For Elizabeth Warren In South Carolina

Musician John Legend will go out on the campaign trail for Elizabeth Warren next week in advance of the South Carolina primary.

Legend will appear with Warren at two rallies on Wednesday, including events in Orangeburg and Charleston.

Legend and his wife, Chrissy Teigen, announced their endorsement of Warren in October. She also has drawn support from other celebrities including Ashley Judd, Jonathan Van Ness, Scarlett Johansson, Rosie O’Donnell, Roxane Gay, Martin Sheen, Megan Rapinoe and Melissa Etheridge.

Legend endorsed Hillary Clinton in the 2016 election and performed for her at campaign events. According to CNN, he is expected to perform for Warren at her events next week.

Other campaigns are drawing on celebrity support for campaign events in advance of the Nevada caucuses on Saturday. Michael J. Fox will speak at a Las Vegas rally for Pete Buttigieg on Friday.

Bernie Sanders’ campaign has tapped such figures as Michael Moore and Susan Sarandon for events in New Hampshire and Iowa. Actor Tim Robbins will campaign for Sanders this weekend in the state of Washington, which has a primary on March 10, the week after Super Tuesday.

Stocks end lower, post weekly loss, as coronavirus spread fans fears of global slowdown

Stocks ended broadly lower Friday, leaving major indexes with weekly losses. Analysts tied weakness to worries about the spread of COVID-19 outside China and the potential impact on global economic growth and supply chains. The Dow Jones Industrial Average DJIA, -0.78% fell around 227 points, or 0.8%, to end near 28,993, according to preliminary figures, while the S&P 500 SPX, -1.05% lost around 36 points, or 1.1%, to finish near 3,338. The Nasdaq Composite COMP, -1.79% dropped around 174 points, or 1.8%, ending near 9,577. That left the Dow with a 1.4% weekly decline, while the S&P 500 retreated 1.3%. The Nasdaq logged a 1.6% weekly fall.

Wells Fargo settles fake-account scandal for $3 billion

Wells Fargo & Co. WFC, +0.76% said late Friday it has agreed to settle Justice Department and Securities and Exchange Commission investigations into the bank’s sales practices. As part of the deal, Wells Fargo has agreed to pay about $3 billion. "The conduct at the core of today’s settlements — and the past culture that gave rise to it — are reprehensible and wholly inconsistent with the values on which Wells Fargo was built," Chief Executive Charlie Scharf said in a statement. "We are committing all necessary resources to ensure that nothing like this happens again, while also driving Wells Fargo forward." The agreement includes the criminal DOJ investigation into the bank’s practices from 2002 to 2016; as part of the deal, no charges will be filed. Separate deals close the books on a DOJ’s civil probe and a civil SEC investigation, Wells Fargo said. The bank has also agreed to set a $500 million fund to benefit "investors who were harmed by the conduct covered in the agreement," the bank said. The fund is part of the $3 billion settlement. Shares of Wells Fargo rose nearly 2% in the extended session, after ending the regular trading day up 0.8%.

Moody's lowers France's outlook to 'stable' from 'positive'

Feb 21 (Reuters) – Moody’s Investors Service downgraded Government of France’s outlook to stable from positive, citing insufficient measures to manage a sustainable and clear downward trend in the country’s public debt ratio, on Friday.

The ratings agency affirmed France’s ratings at Aa2 based on the country’s progress in its economic reform programme. (Reporting by Shivani Singh in Bengaluru; Editing by Shailesh Kuber)